Ternium S.A. announced its results for the third quarter of 2024, reporting net sales of US$4.48 billion. This figure represents a 14% decrease compared to the third quarter of 2023, indicating a challenging revenue environment for the steel producer.
The company noted strong performance in its Mexican operations, which helped to partially offset broader market headwinds. However, Ternium faced significant pricing pressures and an increase in steel imports within the Brazilian market, impacting overall profitability.
Concurrently, Ternium Argentina SA (TXAR) reported robust EBITDA and net income for the third quarter of 2024. This performance from its Argentine subsidiary provided a positive contribution amidst the mixed results of the parent company.
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